By Musemil Abubakar
The Central Bank of Nigeria (CBN) and the Bank of Angola have signed a Memorandum of Understanding to strengthen bilateral financial cooperation and promote knowledge sharing between both countries.
The agreement, sealed on Thursday during the IMF and World Bank Annual Meetings in Lima, Peru, was signed by CBN Governor Olayemi Cardoso and his Angolan counterpart, Manuel Antonio Tiago Dias.
Cardoso described the deal as “a significant milestone” toward building a more resilient African financial system capable of withstanding global shocks.
The pact covers key areas including monetary policy, foreign reserves, payment systems, cybersecurity, and anti-money laundering. It also provides for joint staff training and technical exchange.
Bank of Angola Governor Dias said the partnership aligns with the African Continental Free Trade Area’s goals, calling it “a step toward deeper regional financial integration and institutional reform.”
The move reinforces Nigeria’s renewed drive for regional economic cooperation and financial sector reforms under President Bola Tinubu’s administration.
